Funding arb · Price arb /

BCH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h −0.028%

Price spread now: Nado against OKX−0.016%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.710%+$71 · spread now −0.016%, 7d avg +0.007%

Together, before fees+0.616%+ Points / potential airdropNado: Active · farm board+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.023% cheaper against OKX than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.007%). If the spread goes back, that is −$2 on $10k: about 13 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 4 days funding on this pair cost −0.094%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BCH-USDT-SWAP	264.60	−0.0063	get 0.0063% / 8h	11m 18s	$25.2M	$76.4M	50x
Short	Nado BCH-PERP	264.56	0.0074	get 0.0009% / 1h	11m 18s	$434K	$350K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee NadobpOrdersPrice spread, now −0.016%Rate

Funding earned: $28.91
Price spread: −0.016% → +0.007%: −$2.3
Slippage, 4 orders: −$16.04
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$6.43
Costs to cover: 0.330%
Break-even: 8.6 days

Slippage from OKX: live order book, 3 min ago; Nado: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	1.89 bp	11.3 bp −$11	22.2 bp −$222	212.9 bp −$21.3K	doesn't fit
Sell Nado live order book, 27 min ago	0.57 bp	7.9 bp −$8	20.2 bp −$202	doesn't fit	doesn't fit

BCH on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX BCH-USD	−0.0318%	1h	264.62	+0.008%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0219%	1h	264.94	+0.127%	$860K	$2.7M	50x	as long as short
Phemex BCHUSDT	−0.0159%	8h	264.78	+0.068%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0133%	8h	264.41	−0.072%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0110%	8h	264.65	+0.019%	$38.9M	$30.9M	75x	as long as short
Bitget BCHUSDT	−0.0078%	8h	264.50	−0.038%	$19.1M	$27.1M	75x	as long as short
KuCoin BCHUSDTM	−0.0077%	8h	264.71	+0.042%	$8.5M	$6.3M	75x	as long as short
HTX BCH-USDT	−0.0077%	8h	264.59	−0.004%	$776K	$1.4M	75x	as long as short
OKX BCH-USDT-SWAPlong	−0.0063%	8h	264.60	long leg	$25.2M	$76.4M	50x
Binance BCHUSDT	−0.0049%	8h	264.77	+0.064%	$73.0M	$212.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BCH-USD	−0.0048%	1h	264.49	−0.043%	$112K	$912K	25x	as long as short
MEXC BCH_USDT	−0.0048%	8h	265.10	+0.189%	$70.7M	$8.9M	200x	as long as short
BingX BCH-USDC	−0.0041%	8h	264.66	+0.023%	—	$6.5M	—	as long as short
GRVT BCH_USDT_Perp	−0.0041%	8h	264.85	+0.093%	$386K	$17K	10x	as long as short
Gate BCH_USDT	−0.0028%	8h	264.74	+0.053%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.80	+0.076%	$15K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	264.60	+0.002%	$159K	$293K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.77	+0.063%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	264.89	+0.110%	$996K	$9.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	264.83	+0.088%	$427K	$348K	25x	as long as short
Aster BCHUSDT	+0.0015%	8h	264.67	+0.028%	$136K	$564K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.116%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	264.69	+0.034%	$2K	—	10x	as long as short
BloFin BCH-USDT	+0.0071%	8h	264.74	+0.053%	$3.5M	$4.5M	50x	as long as short
Nado BCH-PERPshort	+0.0074%	1h	264.56	−0.016%	$434K	$350K	10x
Coinbase International BCH-PERP-INTX	+0.0088%	1h	265.02	+0.159%	$246K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.77	+0.064%	$353K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	264.85	+0.094%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	264.33	−0.101%	$18K	$346K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.91	+0.117%	$95K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	264.54	−0.023%	$1K	$1.6M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.95	+0.134%	$12K	—	100x	as long as short